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Athens stocks close up nearly 8pc on new reform timetable

ATHENS : The Athens stock exchange soared nearly eight percent on Wednesday after the government announced an accelerat
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By Imad Uddin
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ATHENS: The Athens stock exchange soared nearly eight percent on Wednesday after the government announced an acceleration of privatisation and structural reforms to meet its debt reduction goals.

The Athens' stock exchange main index closed up 7.98 percent to 929.45 points, cheered by Finance Minister Evangelos Venizelos's pledge to speed up reforms days after EU and IMF representatives cut short a visit to determine whether to grant more bailout aid.

 

Copyright AFP (Agence France-Presse), 2011

 

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